Mindspace Business Parks REIT
MINDSPACEMindspace Business Parks REIT
MINDSPACE
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 39.50 | 1.35 | 1.40% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 60.57 | 4.08 | 0.74% |
Forecast & Ratings
Detailed Forecast from 14 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Mindspace Business Parks REIT is an India-based real estate investment trust (REIT). The Company owns office portfolio in India.
Peers
Compare with peersDLF Ltd
Macrotech Developers Ltd
Godrej Properties Ltd
Oberoi Realty Ltd
Prestige Estates Projects Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1,691.40 | 0.00 | 1,159.70 | 1,777.20 | 2,324.60 | 2,476.90 | 2,528.28 | |||||||
Raw Materials | 0.00 | 0.00 | 0.20 | 0.60 | 1.50 | 0.10 | 741.11 | |||||||
| Power & Fuel Cost | 69.60 | 0.00 | 56.70 | 83.40 | 145.80 | 162.70 | ||||||||
| Employee Cost | 4.40 | 0.00 | 11.50 | 22.60 | 28.70 | 29.80 | ||||||||
| Selling & Administrative Expenses | 134.50 | 4.90 | 109.30 | 156.60 | 169.10 | 196.80 | ||||||||
| Operating & Other expenses | 209.60 | 0.00 | 122.30 | 206.40 | 542.60 | 337.60 | ||||||||
EBITDA | 1,273.30 | -4.90 | 859.70 | 1,307.60 | 1,436.90 | 1,749.90 | 1,787.17 | |||||||
| Depreciation/Amortization | 219.60 | 0.00 | 209.10 | 328.90 | 355.40 | 382.70 | 387.19 | |||||||
| PBIT | 1,053.70 | -4.90 | 650.60 | 978.70 | 1,081.50 | 1,367.20 | 1,399.98 | |||||||
| Interest & Other Items | 446.40 | 0.00 | 171.30 | 264.40 | 343.10 | 456.60 | 492.02 | |||||||
| PBT | 607.30 | -4.90 | 479.30 | 714.30 | 738.40 | 910.60 | 907.96 | |||||||
| Taxes & Other Items | 128.40 | 0.00 | 171.90 | 290.50 | 454.80 | 385.60 | 397.68 | |||||||
| Net Income | 478.90 | -4.90 | 307.40 | 423.80 | 283.60 | 525.00 | 510.28 | |||||||
| EPS | 78.32 | -1.60 | 10.37 | 7.15 | 4.78 | 8.85 | 8.60 | |||||||
| DPS | 0.00 | 0.00 | 9.59 | 9.59 | 18.45 | 4.77 | 19.40 | |||||||
| Payout ratio | 0.00 | 0.00 | 0.93 | 1.34 | 3.86 | 0.54 | 2.25 |
Company Updates
Peers & Comparison
Real EstateReal Estate
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Mindspace Business Parks REIT | 38.39 | 1.35 | 1.40% |
| DLF Ltd | 69.26 | 4.79 | 0.66% |
| Macrotech Developers Ltd | 81.08 | 7.16 | 0.18% |
| Godrej Properties Ltd | 103.23 | 7.27 | — |
Price Comparison
Compare MINDSPACE with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Mindspace Business Parks REIT
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateOct 30, 2024
Dividend/Share
₹5.15
Ex DateEx Date
Oct 30, 2024
Cash Dividend
Ex DateEx DateAug 2, 2024
Dividend/Share
₹5.04
Ex DateEx Date
Aug 2, 2024
Cash Dividend
Ex DateEx DateMay 9, 2024
Dividend/Share
₹4.77
Ex DateEx Date
May 9, 2024
Cash Dividend
Ex DateEx DateFeb 6, 2024
Dividend/Share
₹4.80
Ex DateEx Date
Feb 6, 2024
Cash Dividend
Ex DateEx DateNov 6, 2023
Dividend/Share
₹4.79
Ex DateEx Date
Nov 6, 2023
Mindspace Business Parks REIT announced that ICRA has reaffirmed its issuer credit rating at ICRA AAA; Stable. Also, ICRA has assigned/ reaffirmed ICRA AAA; Stable / ICRA A1+ credit rating assigned to Mindspace REIT Non Convertible Debentures / Commercial Paper. Powered by Capital Market - Live
Mindspace Business Parks REIT announced that the Board of Directors of the Company at its meeting held on 25 October 2024, inter alia, have recommended the final dividend of Rs 5.15 per equity Share (i.e. 1.87%) , subject to the approval of the shareholders.Powered by Capital Market - Live
Net profit of Mindspace Business Parks REIT declined 11.01% to Rs 125.63 crore in the quarter ended September 2024 as against Rs 141.17 crore during the previous quarter ended September 2023. Sales rose 1.69% to Rs 648.88 crore in the quarter ended September 2024 as against Rs 638.09 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales648.88638.09 2 OPM %72.1071.37 - PBDT340.64342.58 -1 PBT242.29245.07 -1 NP125.63141.17 -11 Powered by Capital Market - Live
Net profit of Mindspace Business Parks REIT declined 31.30% to Rs 197.87 crore in the quarter ended September 2024 as against Rs 288.00 crore during the previous quarter ended September 2023. Sales declined 15.74% to Rs 291.79 crore in the quarter ended September 2024 as against Rs 346.30 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales291.79346.30 -16 OPM %97.8898.64 - PBDT198.18288.10 -31 PBT198.18288.10 -31 NP197.87288.00 -31 Powered by Capital Market - Live
Mindspace Business Parks REIT will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live
Mindspace Business Parks REIT announced that the Board of Directors of the Company at its meeting held on 30 July 2024, inter alia, have recommended the final dividend of Rs 5.04 per equity Share (i.e. 1.83%) , subject to the approval of the shareholders.Powered by Capital Market - Live
Mindspace Business Parks REIT consolidated net profit rises 0.60% in the June 2024 quarter
Net profit of Mindspace Business Parks REIT rose 0.60% to Rs 128.27 crore in the quarter ended June 2024 as against Rs 127.50 crore during the previous quarter ended June 2023. Sales rose 7.54% to Rs 638.16 crore in the quarter ended June 2024 as against Rs 593.40 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales638.16593.40 8 OPM %71.2171.77 - PBDT331.23327.60 1 PBT234.32234.30 0 NP128.27127.50 1 Powered by Capital Market - Live
Mindspace REIT Q1FY25 results: Net operating income up 9 % to Rs 496 cr
Mindspace Business Parks REIT announced that the Board of Directors of the Company at its meeting held on 30 July 2024, inter alia, have recommended the final dividend of Rs 5.04 per equity Share (i.e. 1.83%) , subject to the approval of the shareholders.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 7.93%, vs industry avg of 3.63%
Increasing Market Share
Over the last 5 years, market share increased from 2.51% to 2.76%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 1.86%, vs industry avg of 14.25%